Saylor Hints at Another Strategy Bitcoin Buy Despite $5.91B Loss, Legal Pressure
Strategy Chairman Michael Saylor has revealed plans for additional Bitcoin purchases, as the company remains undisturbed by a $5.91 billion unrealized loss in Q1 2025 and ongoing investor lawsuits.
Saylor posted on X a chart of Strategy’s past Bitcoin purchases with the caption “Nothing Stops This Orange,” a phrase interpreted as a hint at additional purchases, following the company’s latest purchase of 10,100 BTC.
As of June 23, 2025, MicroStrategy holds 592,100 BTC, acquired for approximately $41.84 billion and valued at $60 billion, with Bitcoin trading at $101,800, according to CoinMarketCap. Saylor remains optimistic despite continued financial and legal challenges.
Bitcoin price chart (Source: CoinMarketCap)
Strategy Lawsuits Allege Misleading Financial Disclosures
Strategy’s Q1 2025 financials, affected by a Financial Accounting Standards Board (FASB) fair-value accounting rule effective January 2025, reported a $5.91 billion unrealized loss on its Bitcoin holdings, contributing to a $4.22 billion net loss at $16.49 per share.
The disclosure triggered a decline of up to 14% in early may in its stock price. Two lawsuits were subsequently filed as well: a shareholder derivative complaint filed by Abhey Parmar in Virginia federal court and a class-action lawsuit by Anas Hamza on May 15, 2025.
Parmar’s lawsuit targets Saylor, CEO Phong Le, CFO Andrew Kang, and four members of the board of directors on allegations of “materially false and misleading statements” about the FASB rule’s effects and Bitcoin’s volatility risks. The lawsuit claimed executives profited $31.5 million from insider stock sales before the loss was disclosed, accusing them of mismanagement.
Hamza’s lawsuit was filed after a $765 million purchase of 7,390 BTC, raising similar allegations. Strategy has vowed to “vigorously defend” itself against these allegations.
MSTR Stock Rebounds Despite Continued Bitcoin Volatility
Strategy’s stock (MSTR) has surged approximately 80% year-to-date as of June 23, 2025, recovering from an April low of approximately $238.
The correction could be a signal of sustained investor confidence, which was potentially driven by Bitcoin’s price performance and Saylor’s advocacy.
MSTR stock price (Source: Google Finance)
There have also been speculations surrounding a potential forced Bitcoin sale to cover debt if prices fall. Saylor responded in a March 2025 Forbes interview, stating that the company’s capital structure can survive a 90% decline in the price of Bitcoin for several years.
